Let's break down the #ORDI
📖The stock is trading in a downward walking wedge, thus approaching a strong support. Now the price after testing the support zone, gave a reaction, coming to the upper boundary, and is now trading near it, also noticed large volumes to buy, thereby increasing the chance of a breakout..
📌In the near future, I expect a continuation of the movement around the upper Grainza, after which I expect a breakdown, and a hike upwards to remove the upper liquidity pool around 52$
enter the deal from current (37-33$).
🛑Stop loss will be at the level of ($26)
✅First takeout ($42)
✅Second takeout ($52)
When the first take is reached, stop loss should be replaced to the entry price. Reaching the second take will be 41% of net movement.
